//Highlights

News

MILPO SUBSCRIBES A MINING CONCESSION TRANSFER AGREEMENT FOR THE DEVELOPMENT OF THE MAGISTRAL MINING PROJECT

Milpo and Activos Mineros S.A.C. subscribes the mining concession transfer agreement for the Magistral copper project, located in Conchucos district in the province of Pallasca in Ancash region.The contract was signed on December 17 with the colaboration of the Minister of Energy and Mines represented by Minister Gonzalo Tamayo Flores; the Private Investment Promotion Agency (PROINVERSION), represented by the president, Alvaro Quijandría; Victor Gobitz, CEO-General Manager of Milpo and the president of the Community of Conchucos, Mr. Sixto Herrera.
As agreed, the Community of Conchucos received from Milpo 10 million 150 thousand soles under the Contract of Usufruct signed with the Community. The sign of this agreement shows the commitment of Milpo to expand the portfolio of proyects in Perú, acoording with the strategic objectives with Votorantim Metais Holding.

"In the name of the community, we are sure that Magistral 
Project will improve the development of our town in Conchucos, Ancash and
the whole country. I‘m grateful for the participation and goodwill of
Proinversión, Activos Mineros and Milpo, who have promote
this project to reach this moment of signing the contract of transfer and
compliance of the usufruct agreement."

Sixto Herrera

President of the Community of Conchucos